I have a Partner with Capital, how can I bring Value to the Table

[Jacob Resendez]

Good Evening from Denver,

Today I was talking with one of my old bosses , shooting the bull about nothing. But then I asked him what he wanted to do after he was done welding, and if he had given it any thought. So I brought up Real Estate, and the BP website and tried to describe to him what I've learned so far. I did my best to explain the House Hacking Concept, BRRRR, etc.

Apparently, I must have done a pretty good job, because he said, "Sold! I like it" 

I told him, "I'm not selling anything, I'm just telling you what I've learned so far"

Well he didn't seem to care, and told me he wants to get involved and we should become 50/50 partners in this. "But I don't have much capital to put down Boss, and if you put down most of the capital, you would get the lion's share," I said. He agreed, but still seemed unchanged, he wants me to look for deals for us to do them together. 

I should shed light to our personal relationship between him and I. We worked together in the past, and he was my main mentor in the field of welding. The guy has done so much for me, and I consider him a fatherly figure away from home. For my current job, and title; I owe him my success. 

How can I bring value to the table?

Better yet, how can I not let the guy down? 

It would encourage me to hear positive responses from the community on the best course of action in this situation. 

Regards,

Jacob Resendez